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Credex Corporation (A Development Stage Company) STATEMENTS OF CASH FLOWS [Unaudited] (USD $)
6 Months Ended 70 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Net loss from operations $ (120,197) $ (2,930) $ (290,330)
Professional fees from consulting agreement 100,000 [1] 0 [1] 200,000 [1]
Increase (decrease) in accounts payable 9,455 (2,500) 13,541
Increase (decrease) in accrued interest payable 302 0 302
Net Cash Used by Operating Activities (10,440) (5,430) (76,487)
Proceeds from note payable issued 5,000 0 5,000
Proceeds from stockholder loan 3,300 0 50,128
Repayment of stockholder loan 0 0 (28,897)
Sale of common stock 0 5,350 50,310
Net Cash Provided by Financing Activities 8,300 5,350 76,541
Net Increase (Decrease) in Cash (2,140) (80) 54
Cash and Equivalents,Beginning of Period 2,194 2,185 0
Cash and Equivalents, End of Period 54 2,105 54
Stockholder loan contributed to Capital for Common stock $ 17,931 $ 0 $ 17,931
[1] (see Note E)